Monday, July 11, 2011

Fixing the economy

Class War Without Mercy By GREGORY ELICH

"In the U.S., the top one percent of the population rakes in almost a quarter of the national income and enjoys 40 percent of the wealth. That class sees this as a problem. It is not enough.

For ordinary workers, the recession brought only economic hardship. But for corporate America, it meant one thing: opportunity. This is the chance to permanently mold the economy into something approximating the Third World model: vast wealth and privilege for those at the top, and unemployment, falling wages, and inadequate or nonexistent social services for the rest of society."


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